SOLD 02/21/2023
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Multi-Family sold for $4,600,000 in 31 days
337 Ululani St Hilo, HI, 96720
Neighborhood: HiloOff the market 20,736 sqft
GREAT INVESTMENT OPPORTUNITY-RARELY AVAILABLE! 42 UNIT APARTMENT COMPLEX in the heart of HILO. 3 story walk-up w/ 55 parking stalls. Each unit has an open lanai off of the bedroom. Third floor units offer an “OCEAN” view!
Building is comprised of: - 34 - 1 bdrm, bath – 448 sq. ft.; - 3 – 1 bdrm, bath – 536 sq. ft. (10 stack); 5 – 2 bdrm, bath – 576 sq. ft. (02 stack – floors 2 & 3; 14 stack- 3 floors).
All units electrically metered individually and furnished with a range/oven and refrigerator. A few units have a disposal.
Common laundry facility on the ground floor. Conveniently located on the corner of Ululani Street and Kukuau Street, near the center of Hilo’s business/retail and visitor districts and 10 minutes to the airport. Many long term tenants with rents below market. Visible, deferred maintenance throughout. Property to be sold in its “as is, where is” condition. SEE ATTACHED FINANCIAL INFORMATION.
Please do not bother tenants.
CURRENTLY NOT SHOWING THE PROPERTY.
Note: Zoning for the Big Island is CG-7.5 - General Commercial, 7,500 sq. ft. minimum lot size.
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Property details
1978 year built
View
Coastline, Mountain, Ocean
Price per sqft
$221/sqft
Address
337 Ululani St, Hilo, HI, 96720
City of Hawaii
Hilo
Island
Big Island
Building type
Apartments
Year Built
1978
Land tenure
FS - Fee Simple
Neighborhood
Hilo
District
S. Hilo
Open Houses
No upcoming open houses
Interior Features
55 parking places
Stories
Three
Furnished
Partial
Roof
Other
Utilities
Overhead Electricity, Telephone, Water
Property Condition
Average
nr.of parking places
55
Garage & Parking
Assigned, Open
Amenities
Resident Manager
Listed by
Bob Tanaka, Bob Tanaka Inc
(808) 949-4111
(808) 949-4111
Name
Bob Tanaka
License number
RB-08374
Brokerage company
Bob Tanaka Inc
(808) 949-4111
(808) 949-4111
MLS #
202300414
Buyer agent
Name
John Riggins
Brokerage company
John Riggins Real Estate
(808) 523-7653
(808) 523-7653
Payment calculator
Calculate your monthly payments
Mortgage
$14,124
Taxes
$2,513
HOA dues
$0
Mortgage
$920,000 / 20%
2.28%
30 years
Your amount
$14,124 / month
Exterior Features
Concrete construction and more
Construction
Concrete
Lot details
TMK #3230180740000
Lot Description
Irregular
Parcel nr.
3230180740000
Hilo neighborhood info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in Hilo
31%
Families with children
National average: 39%
29%
Non family households
96,599
Population
$87,257
Average Income
Age & gender
Median age 42 years
More info
Commute types
86% commute by car
More info
Education level
28% have high school education
More info
Number of employees
14% work in education and healthcare
More info
Vehicles available
34% have 2 vehicle
More info
Vehicles by gender
34% have 2 vehicle
More info
Housing market insights for
Housing type
79% are single detacheds
More info
Rooms
39% of the houses have 4 or 5 rooms
More info
Bedrooms
68% have 2 or 3 bedrooms
More info
Owners vs Renters
66% are owners
More info
10.17 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Unit Information
# of 1 Bd
37
# of 3 Bd
5
Income
Total Actual Rent
$1
Price history
Sold Feb 21, 2023
Hilo Median sales price 2023
| Bedrooms | Med. price | % of listings |
|---|---|---|
| Not specified | $441.48k | 0.43% |
| 1 bed | $450.07k | 3.45% |
| 2 beds | $583.11k | 21.51% |
| 3 beds | $765.83k | 39.28% |
| 4 beds | $948.31k | 25.41% |
| 5 beds | $1.24m | 7.37% |
| 6 beds | $1.4m | 1.59% |
| 7 beds | $1.45m | 0.38% |
| 8 beds | $1.38m | 0.36% |
| 9 beds | $1.6m | 0.12% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 21, 2023 | Sold | $4,600,000 | 221.84 | Public Record |
| Feb 21, 2023 | Price Increase | $4,600,000 +15.32% | 221.84 | MLS #202300414 |
| Feb 7, 2023 | Pending | $3,988,888 | 192.37 | MLS #202300414 |
| Jan 8, 2023 | New Listing | $3,988,888 | 192.37 | MLS #202300414 |
Taxes of 337 Ululani St, Hilo, HI, 96720
30 - Commercial zoning / MLS #202300414
Current Property Taxes p/month
$2,513
Assessed Improvement value
$2,327,100
Assessed Land value
$491,000
Land Recorded
Land Court
Zoning
30 - Commercial
Flood Zone
Zone X
Topography
Gentle Slope,Level
Location
Corner
Total Assessed value
$2,818,100
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2022 | $30,156 | MLS #202300414 |
About Tax & History Data: We obtain the price and history data from public records and / or from local MLS feeds. Please use the contact form on this page if you would like the most up-to-date information.
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Frequently Asked Questions about 337 Ululani St
Which year was this multi-family built?
This multi-family was build in 1978.
Which year was this property last sold?
This property was sold in 2023.
What is the full address of this Multi-Family?
337 Ululani St, Hilo, HI, 96720.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Bob Tanaka Inc.
Our company may forward your question(s), email address, phone number, name, and any other information you may provide to a licensed real estate agent in the state where the property you are inquiring about is located. We forward your information to assist you in getting you the answers you are requesting. However, you are not obligated to work with this agent. The agent we forward your information to may or may not be the listing agent for the property. Please discuss with the agent regarding your options for representation. Information deemed reliable but not guaranteed.
Listing last updated: Feb 21, 2023
Verhouse Last checked 1 minute ago
The closest grocery stores are KTA Super Stores Downtown Hilo, 0.31 miles away and Sack n save, 0.32 miles away.
The 96720 zip area has a population of 96,599, and 31% of the families have children. The median age is 42.19 years and 86% commute by car. The most popular housing type is "single detached" and 66% is owner.